- Push-out Score determined
- After less than three and a half years in the position
- John D. Romano and Jean-François Turgeon taking over
(exechange) — Stamford, Connecticut, March 18, 2021 — Jeff Quinn, chief executive of Tronox, leaves. As announced by Tronox Holdings Plc in a news release and in a regulatory filing published on Thursday, March 18, 2021, Jeffry N. (Jeff) Quinn leaves his post as chief executive officer at the integrated manufacturer of titanium dioxide pigment after less than three and a half years in the role, effective immediately.
Jeff Quinn’s duties as CEO will be taken over by John D. Romano and Jean-François Turgeon as Co-Chief Executive Officers.
No reason given
In the announcement, Tronox did not explicitly explain the reason for Jeff Quinn’s move, leaving room for speculation.
Precise information regarding Jeff Quinn’s future plans was not immediately available.
Tronox said: “The Company also announced the retirement of former Chairman and Chief Executive Officer Jeffry N. Quinn, effective immediately, following his previously announced leave of absence from the Company.”
Share price decline since December 2017
The announcement follows a decline in Tronox Holdings Plc’s share price of 24% since December 2017.
In the position of CEO since 2017
Jeff Quinn became CEO of the Company in 2017.
Chairman and Chief Executive Officer Jeffry N. Quinn began a leave of absence on December 27, 2020.
On that date, the Company appointed John D. Romano, Executive Vice President, Chief Commercial and Strategy Officer, and Jean-François Turgeon, Executive Vice President and Chief Operating Officer, as co-Chief Executive Officers (each, a “co-CEO”) on an interim basis.
Jeffry N. Quinn has been President, Chief Executive Officer and Director of Tronox Holdings plc.
In addition, on March 28, 2019, Quinn was appointed as Chairman of the Board.
Prior to the Re-Domicile Transaction, Quinn was President & Chief Executive Officer of Tronox Limited since December 1, 2017, a Director of Tronox Limited since June 15, 2012 and was a Director of Tronox Incorporated from February 2011 until June 15, 2012.
Previously Quinn was the founder, Chairman, Chief Executive Officer and Managing Member of Quinpario Partners LLC, and served in such role from July 2012 until December 2017.
In conjunction with that role Quinn also served as President, Chairman and Chief Executive Officer and as a member of the Board of Directors of Quinpario Acquisition Corp.(“QPAC”) and as a member of the Board of Directors of Quinpario Acquisition Corporation 2 (“QPAC2”), both NASDAQ listed special purpose acquisition companies sponsored by Quinpario.
Quinn held his roles at QPAC from its inception in May 2013 until June 30, 2014, when it completed its business combination with Jason Industries, Inc. (NASDAQ: JASN) (“Jason”).
Quinn served as Chairman of the Board of Jason from August 2013 to June 2018, served as its Chief Executive Officer from November 2015 to December 2016 and continues to serve as a member of the Board of Directors.
Prior to forming Quinpario Partners LLC, Quinn was President, Chief Executive Officer and Chairman of the Board of Solutia Inc. (formerly NYSE: SOA), a global specialty chemical and performance materials company.
From 2004 to 2012, Quinn served as the President and Chief Executive Officer of Solutia, and served as the Chairman of the Board from 2006 to 2012. Prior to joining Solutia, Quinn was Executive Vice President, Chief Administrative Officer, Secretary and General Counsel for Premcor Inc. (formerly NYSE: PCO) and Senior Vice President-Law & Human Resources, Secretary and General Counsel for Arch Coal, Inc. (NYSE: ACI).
Quinn formerly served on the Board of Directors of W.R. Grace & Co. (NYSE: GRA), a global supplier of catalysts, Ferro Corporation, SunEdison, Inc. (formerly MEMC Electronic Materials Inc.) and Tecumseh Products Company.
Quinn received a bachelor’s degree in Mining Engineering and a Juris Doctorate degree from the University of Kentucky.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Jeff Quinn’s move on a scale of 0 to 10.
exechange reached out to Tronox and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 12.2021 ($).